HC Deb 10 March 1994 vol 239 c321W
Ms Jowell

To ask the Secretary of State for Social Security if he will reconsider the rules for the treatment of capital made by the DSS in its calculation that for every £250 of saving, or part of £250, over and above £3,000 there could be a reduction of £1 in benefits payable.

Mr. Burt

The arrangements for the treatment of capital in the income-related benefits are kept under review, but we have no plans for change at present. The formula applied for taking account of capital above £3,000 does not imply any particular return on investments. It ensures that help is targeted on those who need it most, while not denying benefit to those with only a moderate amount of capital.